Punjab National Bank has announced a new 24-month Fixed Deposit scheme aimed at customers looking for safe and guaranteed returns. With rising interest in secure investment options, PNB’s latest FD plan provides an attractive interest rate and reliable growth, making it suitable for both regular investors and senior citizens.
Strong Returns on a ₹2 Lakh Deposit
Under this new FD plan, a deposit of ₹2,00,000 for a period of 24 months can fetch significantly higher returns compared to standard savings accounts. PNB has structured this scheme to offer an enhanced interest rate, ensuring that the maturity amount gives investors a substantial boost. For many individuals seeking stable financial growth, this FD provides a secure way to multiply their savings without market risk.
Higher Benefits for Senior Citizens
One of the highlights of this scheme is the special priority given to senior citizens. PNB offers an additional interest rate for investors aged 60 and above. This ensures that senior depositors earn even more on their 24-month deposit, helping them build a stronger financial cushion during retirement years.
Safety and Guaranteed Maturity Value
Like all PNB fixed deposits, the new 24-month scheme offers complete safety backed by one of India’s oldest and most trusted public sector banks. The interest is compounded quarterly, and the maturity amount is guaranteed as per RBI regulations. Investors do not face the volatility of stocks or mutual funds, making this FD a reliable choice for long-term planning.
Flexible Options for Interest Payout
The scheme allows customers to choose between cumulative and non-cumulative options. Those who want their interest to grow over time can opt for the cumulative plan, where interest is added back to the principal. Others who prefer regular payouts can choose monthly or quarterly interest withdrawal, making it useful for retired individuals looking for supplemental income.
Easy Process for Opening the FD
PNB has made the process simple through both online and offline channels. Customers can open the FD via internet banking, mobile banking apps or by visiting their nearest PNB branch. The bank requires basic KYC documents, and the deposit can be made in a single lump sum.
A Promising Option for Secure Wealth Growth
The new 24-month FD scheme highlights PNB’s focus on offering competitive and secure investment opportunities. For individuals planning medium-term financial goals such as education, travel, emergencies or retirement savings, this FD provides a dependable option with attractive returns and zero risk.